Thriven Global Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Thriven Global Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of MYR 39,716,000 against MYR 11,411,000 a year ago. Profit from operations was MYR 5,102,000 against loss of MYR 1,414,000 a year ago. Profit before taxation was MYR 4,545,000 against loss of MYR 2,443,000 a year ago. Profit for the period attributable to owners of the company was MYR 3,625,000 against loss of MYR 1,778,000 a year ago. Basic and diluted earnings per share were 0.96 sen against basic and diluted loss per share of 0.47 sen a year ago. Net cash used in operating activities was MYR 4,487,000 against MYR 8,723,000 a year ago. Purchase of property, plant and equipment was MYR 3,000 against MYR 279,000 a year ago. The higher revenues were due to stronger progress billings and new sales attributable to its development in Tropicana and Kepong respectively.